A 🦄 thesis
The failure of existing institutions is leaving a spiritual vacuum. Tech is eating the world. but the result feels empty without a deeper moral and spiritual foundation.
Whether it's bitcoin, ethereum, solana, or doge, a digital tribe cannot be formed without a
you take the blue pill, the story ends, you wake up in your bed and believe whatever you want to believe
you take the purple pill, you stay in wonderland, and I show you how deep the rabbit hole goes.
coinbase and kraken control almost 30% of all Ethereum validator keys.
does anyone even care about fighting back anymore? or are we all too busy basking in our “credible neutrality”?
"i really believe that if you stopped growing today as lido, at some point another staking protocol takes over... not even a protocol, i think the bigger risk is actually from something like coinbase, alluvial, something like that. especially something that targets institutional
"Cryptography rearranges power: it configures who can do
what, from what. This makes cryptography an inherently political tool, and it confers on the field an intrinsically moral dimension."
Visa seemed like a disaster when it was first launched. The kind of people who attack new things today would have been all over it. From the Wikipedia article:
A Vision of Celestia (2030)
Celestia is the global schelling point for data availability, acting as the technological and cultural mesh between competing crypto tribes. Put another way, Celestia has cemented itself as the default choice for data publishing the same way
Vitalik: "The Ethereum stack has lots of layer. a front door 51% attack is by far not the cheapest way to make Ethereum break or to censor Ethereum. who here seriously thinks that if the US government, or any other government, wanted to censor Ethereum, they would literally go
bad kids has achieved a remarkable builder culture fit
many, if not most, of the best hackers in crypto today own a bad kid
it’s time to ensure this continues for generations to come
in light of this, we are launching a yearly prize for the baddest young hacker in the
dreaming of a yearly
@badkidsart
prize, where the most impactful young hacker from across the interchain is gifted a bad kid as a symbol of appreciation
never been more convinced that
@cosmos
has made the right foundational architectural decisions and that this will become apparent to the rest of crypto over the next 12-18 months
punks, lads, kids
all nfts that became culturally significant to a community of builders during a time of extreme hardship
my thesis has always been that timeless nfts are rooted in culture, not utility. in particular, they capture the zeitgeist of an incredibly talented
My brain can't really comprehend this.
Punks, Apes, then Lads has always been such a far off, aspirational dream, but turns out we're already living in the Punks, Apes, Pudgies, then Lads moment.
🤯
at 73%, dutch jews had the highest death rate among occupied w european countries (as comparison belgium dr was 40%, france 25%)
why? a population registration system aimed at following people "from cradle to grave"
but plz tell me again why you need privacy from govnt, anon?
.
@jelenaaa____
,
@uditvira
and I have spent the last 36 hours working on an FAQ for Proposal 72 that attempts to dispel all the FUD around it.
This is my attempt to weave a 🧵through all the important questions :)
zk accounts give celestia functional escape velocity without sacrificing its core principles
a fundamental design choice of celestia is to minimize on-chain state. this means foregoing an integrated smart contract system
while this comes with all sorts of nice properties, until
So then why ZK accounts?
Because it will enable:
1. trust-minimized bridging of TIA to rollups (not bridging/settlement of rollup native assets)
2. more native/aligned LSTs and restaking
3. privacy features
4. ?? things yet to be imagined
But once again, NOT settlement. Thanks
Lido's heart
For a crypto nerd, there are few pieces of writing more beautiful than Satoshi’s whitepaper.
Today, I want to draw your attention to three lines:
"the main benefits are lost if a trusted third party is still required"
"financial institutions cannot avoid
Multisig risks: summary and the
@eigenlayer
road ahead
——————-
1.
@solana
people (
@aeyakovenko
@0xMert_
) criticize ETH L2 for having multisig trust assumptions. Their point of view is that Solana L1 is “unconditionally correct” due to social forking of L1, ie, even if a
thinking of starting a weekly
@cosmos
newsletter/podcast which breaks down the news from across the ecosystem in 2-3 minutes, along with my takes. is there any interest for this?
ethereum: the technocrats respectfully deciding what’s best for the people
cosmos: the people smugly deciding what’s best for the technocrats
solana: whoever can make things go faster gets to decide
We started this company about two years ago. It's been the hardest but most rewarding years of my life. We were down. We were out. Most people thought we were dead. But never did we quit. Never will we quit. And with the conclusion of this round, we are so back.
if you're coming from ethereum:
0. get
1. use to bridge directly from ethereum to stargaze (convert to stars)
2. wait for ethereum finality (max 15min) and purchase badkid
A thread on Gardens🌿🌻: a governance framework for truly decentralised and sovereign internet communities
Based on the
@1hiveorg
model, Gardens provides a beautiful foundation for communities to coordinate around shared resources in a bottom-up fashion
BNB Chain is welcoming
@LidoFinance
's wstETH to our ecosystem thanks to
@LayerZero_Labs
!
Celebrate by participating in our
#CrossChainFuture
challenge!
1️⃣ Reply with a visualization of a cross-chain future
2️⃣ Like, RT and Tag 3 friends
3️⃣ 10 winners share a $500 prize pool
If you're an aspiring DAO creator
rather than
product first -> community exit
consider
community first -> product emergence
The best example of this is probably
@1HiveOrg
. And I believe it has the potential to revolutionise the way we think about DAOs.
Why
@ryanberckmans
's concerns around Lido's growth affecting Ethereum's reputation are misplaced
While Ryan admits that "the realistic worst-case scenario for Lido's uncapped dominance isn't network disruption" the crux of his argument for self-limiting revolves around the
imo, the realistic worst-case scenario for Lido's uncapped dominance isn't network disruption.
It's that Ethereum develops a reputation among corporations and governments as having been "captured" or "not actually that decentralized relative to other chains".
If this were to
By allowing for stETH holders to exit en masse before a given proposal is passed, dual governance represents an important step towards mitigating Lido protocol governance risk for Ethereum stakers.
The main goal is to prevent LDO holders from changing the social contract between
Lido DAO is helping to fund a multi-collateral RAI (
@reflexerfinance
) fork on Optimism.
63k DAI has just been sent out to help cover the cost of two audits.
This covers the full cost of the Alexey Pertsev audit, and half the cost of the Solidified audit
if you’re an etherean and still ignoring the great things happening over in
@cosmos
and
@solana
lands then you just might be trapped in an echo chamber. worth reflecting on
dreaming of a yearly
@badkidsart
prize, where the most impactful young hacker from across the interchain is gifted a bad kid as a symbol of appreciation
some say that backpack will be to sol what coinbase is to eth, but i think it's more than that
apart from the advantage of being crypto native by design, armani and tristan were born and raised in the ecosystem in which they are operating. this means solana's culture permeates